The retail investor category sharply hiked its stake in Paytm to 12.85% during the December quarter (Q3FY24) from 8.28% in the September quarter (Q2FY24). Market experts believe that in the absence of clarity on the fate of the payment bank's operations, the near-term outlook for the company remains bleak.
Many new retail investors hopped on to the counter in the hope of generating high returns. This is borne out by the number of retail investors holding up to 2 lakh each of the firm's equity capital jumping to 1.1 million in Q3 from 990,819 in the preceding quarter.
A year ago, in December 2022, small investors' holding was lower at 9.24%. The recent fall in share price would thus have come as a rude shock to the new and existing investors.
Denne historien er fra February 12, 2024-utgaven av Mint Mumbai.
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Denne historien er fra February 12, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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